1)After breaking out its Monthly resistance stock is now near its buying zone. 2)On a daily time frame stock is near its 50 EMA it can take support and continue its upward movement. 3)Steel and cement being in focus it can be a good bet. 4)Stock is in uptrend and very Bullish 5)Volumes piling up is huge we can take position in this 6)Just be patient its not a stock to sell immediately. 7)Steel and cement are highly in focus.. 8)Remember the era between 2004-2008 its kind of repeating it 9)The smart players the big players are pushing their money in steel and Cement. 10)This sector is highly Bullish. * Tata steel is also a good bet result is exceptionally good
Always remember 40% is market 40% is sector and 20% is stock you chose So in a uptrend market identify the sector where the big moneyy is flowing and then Select the stock from that sector.
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